Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

A tree diagram in math is a device that computes the number of potential outcomes of a problem and refers to those possible outcomes in an organized manner. A tree diagram is a device in the fields of ...

1 Institute of Mathematics Education, University of Education, Freiburg, Freiburg, Germany 2 Institute of Mathematics, University of Kassel, Kassel, Germany It is an ongoing debate, what properties of ...

Two events are independent if the probability of the first event happening has no impact on the probability of the second event happening. For example, the probability of rolling a 6 on a die will not ...

When we have a situation where we are considering several events, it is beneficial to have a way of representing it visually. Tree diagrams are visual representations of the outcomes of events. Robin ...